Mossimo Giannulli Announces Termination of Merger Agreement

Mossimo Giannulli and Mossimo Acquisition Corp.,
announced today that they have terminated the Agreement and Plan of
Merger (the "Merger Agreement") entered into by Mossimo, Inc. (NASDAQ:
MOSS), Giannulli, Mossimo Acquisition Corp. and Mossimo Holding Corp.,
on September 21, 2005. The Merger Agreement was terminated due to the
Special Committee of the Board of Directors of Mossimo, Inc.'s
withdrawal of, and refusal to reconfirm, its approval and
recommendation of the tender offer and merger contemplated by the
Merger Agreement. If the tender offer and merger had been completed,
the public stockholders of Mossimo, Inc. would have been entitled to
receive $5.00 per share in cash.
   "I am disappointed that the Special Committee has withdrawn its
recommendation of my offer, which it had endorsed in September,"
stated Giannulli. "I also regret that the public stockholders will not
have the opportunity to consider my offer that was always conditioned
upon approval by a majority of the public stockholders."